For Sale: Saint Paul MLS# 6561139
Active
$509,000
Commercial: Apartment,Low Rise
Built 1947
0.14 acres
St. Paul schools
MLS# 6561139
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Property Description
You do not want to miss this great investment and cash flowing opportunity! Nicely located in the West 7th neighborhood, of St. Faul and close to several local amenities, Easy access to major roadways and public transportation,
This beauty consists of 5 units that are all 1 bed/ 1 bath. 4 garage stalls and two parking spots with on-street parking as well, Tons of natural light and great charm. Many of the units have been rented with long term tenants. Coin-operated laundry on site. Buyer is aware and acknowledges that Seller intends to perform an IRC Section 1031 tax deferred exchange. Seller requests Buyer’s cooperation in such an exchange and agrees to hold Buyer harmless from any and all claims, costs, liabilities, or delays in time resulting from such an exchange. Buyer agrees to an assignment of this contract by the Seller.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$509,000
Property Type:
Commercial
City:
Saint Paul
Garage Spaces:
4
County:
Ramsey
Year Built:
1947
State:
MN
Property Style:
Apartment, Low Rise
Zip Code:
55102
Neighborhood/Area:
West Seventh
Subdivision Name:
Rothschilds Sub Of Ptb34 Stin
Interior
Ceiling Height:
Less Than 8 Feet
Ranges:
Five
Refrigerators:
Five
Appliances Included:
- Cooktop
- Dryer
- Gas Water Heater
- Refrigerator
- Washer
Basement Details:
- Block
- Concrete
- Storage Space
- Storage/Locker
Exterior
Stories:
Two
Garage Spaces:
4
Garage Dimensions:
20x36
Garage Size:
720 ft2
Garage Door Height:
7
Other Parking Spaces:
0
Air Conditioning:
Window Unit(s)
Foundation Size:
1,020 ft2
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
- Boiler
- Radiator(s)
Parking Features:
- Detached
- Gravel
- Multiple Garages
- On-Street Parking Only
Shared Amenities:
- Coin-op Laundry Owned
- Other
Unit Amenities:
Ceiling Fan(s)
Road Frontage:
- City Street
- Curbs
- Paved Streets
- Sidewalks
- Storm Sewer
- Street Lights
Exterior Material:
Stucco
Roof Details:
Rubber
Lot & Land
Acres:
0.14
Geolocation:
44.927127, -93.135094
Inclusions:
Building, Fixture/Equipment, Leases
Lot Dimensions:
111.8 x 55.8
Zoning:
Business/Commercial
Lot Description:
- Public Transit (w/in 6 blks)
- Tree Coverage - Light
Farm
Topography:
Level
Schools
School District:
625
District Phone:
651-767-8100
Expenses
Annual Electric Expense:
$2,079
Annual Fuel Expense:
$3,709
Annual Water/Sewer Expense:
$2,513
Tenant Expenses:
Electricity, Fuel
Financial & Taxes
Tax Year:
2023
Annual Taxes:
$13,254
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$11,950
Income
Annual Gross Income:
$56,040
Units
Total Units:
5
Miscellaneous
Current Use:
Residential
Fuel System:
- Electric
- Natural Gas
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Common
- Electric Separate
- Heating Common
- Hot Water Common
Water System:
City Water/Connected
Mortgage Calculator
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Local Home Mortgage Professionals
651-253-2144
Jason & Kim Stone
Branch Manager & Co-Branch Manager
Fairway Mortgage NMLS#1018649
Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
It would be our pleasure to assist you with your home purchase!
Listing provided by RMLS,
courtesy of Edina Realty, Inc..
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.